ISSUE OF NOTES AGAINST SILVER.

Taranaki Herald, Volume XL, Issue 9255, 3 December 1891, Page 2

ISSUE OF NOTES AGAINST SILVER.

London, December 1. There is a rumour current on the Exchange that Mr Goschen, Chancellor of the Exchequer, is about to issue notes against consols or silver. WOOL SALES CLOSED. Wool is firm. The present series . will close on December 15th. QUEEN WRITES TO PRESIDENT OF FRANCE. The Queen has written to tho French Government thanking them for their offer to give th« late Lord Lytton a public funeral befitting a Marshal of France. WOOL SALES. London, December 2. At the wool auctions prices reniain firm. PRICE OF NEW ZEALAND BUTTER. The butter ex Tainui, from New Zealand, is selling at 122s Gd per cwt. The shipment from Melbourne is selling at Gd less. SHARES AND DEBENTURES. . Tho debeutures of the N.Z. Loan and Mercantile Agency are quoted at 92, and the N.Z. Trust and Loan at £26 10s. MONEY MARKET. The money market is declining, owing to plentiful supplies. The market rate of discount for three months' bills is 2-J per cent. HOME GOVERNMENT FOR IRELAND. In his speech at Huddersfield, Mr Balfour said the Government would certainly have introduced a measure providing for local Government for Ireland, bnt for the safeguard held by the minority in the House. BUSSELL DIVORCE CASK. In her evidence, the Countes3 of Rnssell deposed to systematic cruelty and abuse she was subjected to by her husband and the insults he heaped upon her. She stated that he often shook her like a rat, and even went as far as to threaten to shoot her with a revolver. The respondent commenced to ill-use her soon after their marriage. In giving the details of her husband's cruelty, the petitioner stated that he once compelled her to get out of bed, when she fainted and fell on the floor, and he threw water over her and heaped other indignities upon her. She then left her husband, saying that she would commit suicide if compelled to live with him. MELBA DIVORCE SUIT. • Mr Armstrong's application for a commission to examine witnesses in Vienna in connection with Madame Melba's divorce case was adjourned . because the answers of respondent and co-respondent to the allegations he made were not filed. The Due d'Orleans objected to English jurisdiction in the case, and urges that he has no legal domicile. PRINCE GEORGE RECOVERING Prince George is making excellent progress. ONE POUND NOTES. . Reports are persistently circulated to the effect that the Chancellor of the Exchequer proposes to issue one pound notes against security of four-fifths gold and one-fifth consols, and that light gold to the extent of twenty-five millions is to be called in without deduction by way of fine. Mr Goschen, speaking in the . City, advocated that when the bullion in the Bank of England exceeded twenty-two millions the Bank should be .empowered to issue pound notes in . the proportion of four-fifths against the gold and one-fifth against the securities. In cases of an iniernal crisis, he was in favor of letting the Bank issue additional notes at a fixed rate of interest, regardless of the stock of gold in reserve. PROSPECTS OF INDIA. Calcutta, December 2. Loril Lansdowne, Viceroy of India, states that the harvest prospects are very gloomy at Rajapntana, Madras, Hyderabad, and parts of Bombay and ' Bengal, though at present only sixty thousand persons are receiving public relief ; at tho same time he considers India was never stronger to repel internal attacks.